Savannah courier. (Savannah, Tenn.) 1885-1979, 1887-11-03
is taking care of the interest.

property is taking care of the interest
and in very short time he will find
that he has got a very considerable in
vestment. He will become interested
in it, save his money to meet his notes,
and he will directly come into a con-
siderable possession of property, and
hardly know how it came TO him.
That is, he will have q motive for saw
ing, and will get the result of that saw
ing, and will not be tempted TO enter
into speculatons. Nothing is so safe
for an investment as improved real es-
tate. Nothing is likely to grow in
value faster. In the last fifty years,
ninety per cent. of all the merchants
and traders in Boston have failed. In
the last fifty years, ninety per cent. OF
all the business corporations have
failed or gone out of business, so that
their stock has been wiped out. In
the last fifty years all the improved
real estate, on the average, has paid its
interest and taxes and quadrupled in
value. If young mans father can
give him any thing to start him in the
world he had better invest it in that
| way and let it accumulate, and earn
his living, and he will be richer than if
| he had gone into business. Jay Gould
is said to have started from mouse.
trap seller to become millionaire.
Assuming that to be true, he is only
one of 0000, 900 of people,; and if any
young man thinks that he is going to
initiate Jay Gould, there are 60,000,-
900 of chances to one that he won't
succeed.
The rule l would lay down for q
young man is never do n mean thing
for money. Be prudent and saving of
your money. Be careful to have no
interest account running against you
unless you have an equal or greater in-
terest account running in your favor
Work diligently and you are sure of a
competency in your old age, and as
early as possible, if you can find a
saving, prudent girl who has been
brought up by mother who knows
how to take care of house, and make
wife of her, she will aid, and not
hinder you.
| claim no originality in this advice,
and will relate to you an incident in
my own experience to illustrate it: In
my earliest practice in my profession
| was quite successful in earning
money, and | hld small balance III
the Lowell Bank, at the head of which
was Mr.. James G. Carney. The banb
was directly across the hall from my
Office. l stepped into the bank to de
posit q little money on one occasion
and Mr.. Carney said to me: "Why
don't you invest your money!" "ln
vest" said 81 have nothing to in
vest" 30 yes" he says, 'you have
quite little sum of money, and sco
that your young friends come in will
your checks occasionally, evidently
borrowing it. Now, you had better in
vest itP' "How can invest itP" "1n
vest it in real estate" Il know moth
ing about real estaten 500 to tn,
first auction and buy the property Yol
can not be much cheated in that be
cause you will have to give yer,
little more than somebody else will
be willing to pay for it. Give you
notes for it, save your money, collec
your fees, pay your notes rs they be
come due. See that the property i
improved property, so that the rem
will keep down the interest account
and when you get any other none
invest it in the same way, and if you
notes press upon you little faste
than you can pay them, why, we will
when we find that is what you are dc
ing with your money, discount you
note and give you little more time
so that you can pay it up. This wi
neoessitate the prompt collection G
your bills, for l know you would rathe
$ work and earn a hundred dollars tha
dun man for it, unless you have
pressing need for it. You have nc
even asked for little bill that we ow
q you in the bank, which shows me thu
n you do not promptly collect you
dues" / followed the advice an
bought number of pieces of propert
: III that manner, and never did exac
n ly know how they were paid for, br
|. they were, and in few years | owne
il some twenty different pieces of prol
n erty in Lowell that came to me in tn;
: way. can only say that wish l ha
o been wise enough to have continue
Q this course through life.
, l do not think l need to exten
It these suggestions any further, becau>
It if young man won't mind these
won't any others, and l can not su!
o gest any better ones. - Benjamin /
Butler, in Chicago Times.